MV Mail Weekly Recap: November 17, 2020

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Below is a quick summary of the investment opportunities listed on the MicroVentures platform as of November 17, 2020.

Just Listed

MyGN

Shared kitchen spaces for developing, manufacturing, and distribution of cannabis and CBD-infused products

Key Highlights:

Deposits from 20 members (clients) to access MyGNโ€™s shared-use kitchen facilities
Previously raised $700k from angel investors and company founders

Active Offerings:

Blendid

Automated robotic, contactless, and AI-enabled food preparation for fresh healthy smoothies made on-demand

Key Highlights:

Participated in the Plug and Play accelerator program in 2017
Raised $13.5M in early-stage funding from Benhamou Global Ventures, Plug and Play, Hone Capital, and Partech

Unomi

Software platform for animators

Key Highlights:

Out of 1.8k applicants, UNOMi was one of 25 companies selected to be a member of Backstage Capitalโ€™s inaugural accelerator class in March 2019
Patent-pending technology for its method of generating mouth animations

Cherry Street Pharmacy

One-stop pharmacy

Key Highlights:

The company filled 6.1k prescriptions in July 2020, a record high
Grown revenue 106% year-over-year and 603% year-over-year in 2019 and 2018, respectively, without any outside equity capital investment

Million marker

Personal environmental exposure analysis and tracking for consumers

Key Highlights:

MOU with Parley for the Oceans (international ocean conservation NGO) and contract with The Community (Publicis Groupe) to launch a plastic awareness campaign in Summer 2021
Provides mail-in test kits to measure personal exposure to potentially harmful environmental chemicals

Shoppinpal

B2B SaaS cloud integration software

Key Highlights:

Created successful apps and integrations for unmet needs in the Retail and Food verticals such as automated stock replenishment and custom analytics used by customers across the globe
Profitable since January 2020 with an annual run rate of $390k

Hudson Space Systems

Microgravity research services company

Key Highlights:

Received a grant from Stevens Institute of Technology for its rocket launch technology
Raised $100k in funding from an angel investor in 2020

Kobrelms

Athleisure apparel and audio gear accessories for men and women

Key Highlights:

Holds two registered trademarks, operating under Class 25 for clothing and Class 9 for computers and scientific devices
Has signed 13 social media influencers since its inception

Fog&Tree

Personal products infused with cannabis sold online and in stores

Key Highlights:

Since launching in November 2019, the company has run two successful promos, selling 211 units, with Touch of Modern, an e-commerce lifestyle products website with 14M members
By the end of 2019, Fog & Tree products were sold in 27 locations including Saks Salon in NY

Edly

Edly offers an alternative to student loans known as Income Share Agreements (ISAs)

Key Highlights:

Has been generating revenue since its inception in April 2019
Investors on the Edly platform have funded 3.8k student ISA contracts, and its portfolio includes ISAs with students from top colleges and skills programs

Line of organic, CBD-infused chocolates, tinctures, body balm, and capsules

Vital Leaf

Key Highlights:

Has raised over $1.38M from angel investors
Products featured in POPSUGAR, Thrive Magazine, and MJ Lifestyle, among others

IPD Products

Air sterilizer designed to combat airborne pathogens like SARS-CoV-2

Key Highlights:

Founding team has extensive experience commercializing technology for organizations like Pfizer and Bristol Myers Squibb, as well as building out robust patent portfolios
In 2021, the company hopes to expand its product line to include integrations with HVAC systems and PPE

WindCraft Aviation

Developing a hydrogen-powered eVTOL aircraft

Key Highlights:

Plans to complete first test launch this year and start beta testing in foreign markets by 2021
Awarded a grant from PlanetM to further develop its aircraft and test it at military sites throughout the state

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